Question ID :
19910
Sales Return- Real Estate
We are engaged in construction of flats and Invoices till Jun17 were raised on various mile stones charging Service tax @ 4.5( availing abatement as per 262012) 1.25 of VAT.
Now one of the Flat has been cancelled by customer.
He has paid 3 installments starting from Q2, 2016-17 with ST, SBC KKC.
Now we have to issue Credit note reversing the taxes,,
Pls confirm whether we should reverse Service tax paid earlier ?? If so, can we issue ST invoice in GST regime ?
Kindly clarify ..
Posted by
CA. VAMSI KRISHNA NAGASARAPU
on
Jul 25, 2017
Filed Under
GST